California State Teachers Retirement System Has $10.08 Billion Stock Position in Corpay, Inc $CPAY

Posted by Francis Steltz on Sep 9th, 2026

California State Teachers Retirement System grew its holdings in shares of Corpay, Inc (NYSE:CPAY – Free Report) by 36,046.6% during the second quarter, Holdings Channel reports. The firm owned 30,244,919 shares of the corporate payments company’s stock after purchasing an additional 30,161,246 shares during the period. California State Teachers Retirement System owned 0.46% of Corpay worth $10,079,724,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Orbis Allan Gray Ltd boosted its holdings in Corpay by 20.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company’s stock worth $1,501,029,000 after purchasing an additional 859,854 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Corpay by 6.9% in the fourth quarter. JPMorgan Chase & Co. now owns 4,734,927 shares of the corporate payments company’s stock worth $1,424,882,000 after buying an additional 307,355 shares during the last quarter. State Street Corp boosted its stake in shares of Corpay by 0.8% during the 3rd quarter. State Street Corp now owns 2,956,744 shares of the corporate payments company’s stock worth $851,720,000 after acquiring an additional 23,470 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Corpay by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,905,526 shares of the corporate payments company’s stock valued at $571,346,000 after acquiring an additional 19,281 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Corpay by 0.5% during the 4th quarter. Invesco Ltd. now owns 1,751,048 shares of the corporate payments company’s stock valued at $526,943,000 after acquiring an additional 8,783 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Transactions at Corpay

In other news, CEO Ronald Clarke sold 119,486 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total value of $49,276,026.40. Following the completion of the sale, the chief executive officer directly owned 2,354,330 shares of the company’s stock, valued at approximately $970,925,692. This represents a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven Stull sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $410.66, for a total value of $1,642,640.00. Following the completion of the sale, the director directly owned 23,598 shares of the company’s stock, valued at $9,690,754.68. This represents a 14.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 291,336 shares of company stock worth $116,212,228 over the last three months. 5.19% of the stock is currently owned by insiders.

Corpay Trading Down 2.3%

Corpay stock opened at $406.94 on Wednesday. Corpay, Inc has a 52 week low of $252.84 and a 52 week high of $427.46. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $26.72 billion, a PE ratio of 24.77, a PEG ratio of 1.14 and a beta of 0.87. The business’s 50-day simple moving average is $388.31 and its 200-day simple moving average is $350.49.

Corpay (NYSE:CPAY – Get Free Report) last announced its earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share for the quarter, beating the consensus estimate of $6.58 by $0.42. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.30 billion. Corpay had a return on equity of 42.18% and a net margin of 22.72%.The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.13 EPS. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. Equities research analysts forecast that Corpay, Inc will post 25.75 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on CPAY. Scotiabank began coverage on Corpay in a report on Wednesday, September 2nd. They issued an “outperform” rating and a $536.00 target price for the company. JPMorgan Chase & Co. increased their price target on Corpay from $400.00 to $470.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Corpay in a research report on Friday, July 24th. Robert W. Baird set a $475.00 price target on shares of Corpay in a research report on Thursday, August 6th. Finally, Raymond James Financial restated an “outperform” rating and issued a $442.00 price objective on shares of Corpay in a research note on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $438.93.

Check Out Our Latest Stock Report on CPAY

Corpay Profile

(Free Report)

Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.

The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.

Corpay operates as part of the broader financial technology and payment processing sector.